MARGI

Active

Private limited companyfounded 1992active for 34 yearsTweebruggenstraat 52, 9160 Lokeren, BelgiumKBO/BCE: BE 0447.378.450

From the official registers: KBO 34 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of MARGI is 1.8% (moderate). The 2025 annual accounts show negative equity (-€18,766) and a net result of -€49,620. Equity is shrinking by about 27% per year across the filed financial years. Its solvency ranks better than 15% of 17,107 sector peers (NACE 68, financial year 2025). The company has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

MARGIActiveChecked score 52/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 06-05-1992 Normal situation
Legal form: Private limited company
Registered office: Tweebruggenstraat 52, 9160 Lokeren
Activity: Renting and operating of own or leased non-residential real estate, excluding land NACE 68203and 2 others
Establishment unit: 2.057.706.233 9160 Lokeren, since 04-06-1992
Financial year end: 31 December
Peppol: Reachable since 01-10-2025

Company details

Who decides

Board

Cornelis PeggyDirector · since 01-08-2003
CORNELIS MARCELDirector · since 01-07-2008

Board & ownership

How it is doing

52 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 1.8%

Annual accounts 2025

Gross margin: €28,683; ▼ 64.9%
Turnover: ≈ €47,000; estimated
Loss: €49,620; ▲ 628%
Equity: -€18,766
Total assets: €332,089; ▲ 14.4%

2025 accounts 1 day early

Filed on 30-07-2026at the National Bank

Financials

Why 52raises riskLoss of €49,620, the second in a row (financial year 2025)1 change of registered office in 24 monthsNegative equity -€18,766lowers riskSize: total assets €332,089Show the evidence

Checked score

Score 2025

52 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 13% of its sector peers (NACE 68, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 19-17

equity -5.7% of total assets

Liquidity 7-3

short-term debt 104.9% · cash 5.9%

Profitability 26-40

return on assets -14.9%

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,628 companies, NACE 68, micro)

Last 24 months 11-2024: 0.4% 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.5%▲ +0.1 percentage points vs 06-2025 08-2025: 0.2%▼ -0.3 percentage points vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026lowest value 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.8%▲ +0.6 percentage points vs 07-2026 09-2026: 1.8%▲ +1.0 percentage point vs 08-2026highest value 10-2026: 1.8%● unchanged vs 09-2026highest value

No credit on open account

Liquidity insufficient (current ratio 0.59, compared with 0.55 in 2024, below 1; short-term debt: 104.9% and cash: 5.9% of total assets), and equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 15% on solvency, 9% on liquidity, 23% on profitability and 4% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Loss of €49,620, the second in a row (financial year 2025)

NBB · annual accounts

Size: total assets €332,089

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

1 change of registered office in 24 months

Belgian Official Gazette

Negative equity -€18,766

NBB · annual accounts

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year -€18,766

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

1 day early

2024

on the day

2023

28 days early

2022

17 days early

2021

3 days early

2020

1 day early

2019

29 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 11 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 July (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

01-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Risk: Negative equityfinancial year 2025: debts exceed assets -€18,766 View
Risk: 6 loss-making years in a rowloss financial year 2025 -€49,620 View
Caution: Among the weakest 9% on net resultsector median €6,036 · 17,097 companies -€49,620 View
Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View

Documents

Key facts about MARGI

What is the company number of MARGI?: 0447.378.450. In Belgium the VAT number is the company number with BE in front: BE 0447.378.450.
Where is MARGI based?: The registered office is at Tweebruggenstraat 52, 9160 Lokeren.Company details
What does MARGI do?: According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
What is the legal form of MARGI?: Private limited company (BV).
When was MARGI founded?: On 06-05-1992.
Is MARGI still active?: Yes, MARGI is an active enterprise in the KBO register.
What is the turnover of MARGI?: ≈ €47,000 in financial year 2025. Estimated from the gross margin of €28,683: probably between €35,000 and €68,000, based on 51 comparable companies, NACE 682.Financials
Is MARGI profitable?: In financial year 2025, MARGI made a loss of €49,620.
Where can I find the annual accounts of MARGI?: MARGI filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of MARGI due?: By 31-07-2027, for financial year 2026.Timeline